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Two Romney Etch A Sketches, one saying he deserves to be president because of Bain, the other saying he deserves an apology if you say he worked there.
David Corn breaks another important Mitt Romney story, reporting that Romney himself testified in 2002 that he was actively engaged in his work at Bain Capital for at least several months after February 11, 1999, the date he now claims was the end of his career at Bain. Romney's testimony came during a state election commission hearing to determine his eligibility for governor:
Romney said that after he departed Bain in February 1999 he went through a transition period regarding his work in Boston.

When a lawyer challenging his eligibility asked Romney, "Did you remain more or less continuously in Salt Lake City from February '99 to the end of the year," Romney answered:

Actually, there was some transition away from my work in Boston for the first few months and then I pretty much stayed there after.
Trying to clarify this, the lawyer, after referring to this "transition," asked, "So from February through the end of the year you were pretty much full-time out in Utah, right?"

Romney replied: "Well again, the beginning of the year was a good deal of time back and forth, but towards the last half of the year it was pretty much exclusively in Utah."

Two things about this:
  1. This is a clear statement from Mitt Romney himself that he continued to play an active role in Bain Capital's day-to-day affairs after the point at which he now says he had nothing to do with the company. Like the July, 1999 press release quoting Romney as Bain's "part-time" CEO and his statement to the Boston Herald that he would remain involved in the company's affairs, this can't be spun as a legal technicality.
  2. The fact that Romney says he was "pretty much exclusively in Utah" towards the end of 1999 does not support his claim that he had nothing to do with Bain. It is merely a reminder that he ran the winter Olympics, which we already knew.

Let me elaborate a little on that second point because it's an important one. Nobody has seriously argued that Mitt Romney ran Bain Capital on a daily basis from 1999 through 2002. He was running the Olympics. The argument Romney's critics have made is that even though he was running the Olympics, Romney also continued to own Bain Capital and continued to serve as its top corporate officer. Therefore, he had ultimate legal and moral responsibility for the firm, even if he wasn't the driving force behind every decision the company made during that time. The buck stopped with him. If something happened that he objected to, he had the power to stop it.

In my view, that's an airtight argument, but the Romney campaign obviously disputes it, apparently because a lot of bad things happened during that stretch and they don't want Mitt Romney to be held responsible for them. I don't really know how to make an effective argument against holding Romney responsible, and apparently they didn't either, because they decided to dispute the argument by denying that Romney had any role at the firm whatsoever. If that were true, it would have been a pretty good argument. But it wasn't true. And as David Corn's latest scoop illustrates, it turns out that Romney had more day-to-day involvement with the firm than we could have imagined.

Originally posted to Daily Kos on Mon Jul 16, 2012 at 10:00 AM PDT.

Also republished by The Bain Files.

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Comment Preferences

  •  Jed...You got a program for this Horse Opera? (11+ / 0-)
  •  If Mitt Romney wasn't running Bain in 1999-2002 (34+ / 0-)

    then he knows who was doing it -- having hired them and entrusted them with his business.  So: let's hear his evaluation of how that person did in deciding to focus on outsourcing, fetal disposal, and all of the other things that he doesn't want to be associated with.  If he approves of what happened, then it really doesn't much matter who was in charge -- they did what they knew was his bidding.

    By the way, now that reports are that Romney has chosen his VP candidate: whoever you are, we're going to be asking you for your thoughts and opinions about what Bain did during this time period all of the time, so I hope you enjoy it!  (Trying to keep your answers in synch with Romney's will make riding a bucking bronco seem like riding a golf cart.)

    Pro-Occupy Democratic Candidate for California State Senate, District 29 & Occupy OC Civic Liaison.

    "I love this goddamn country, and we're going to take it back." -- Saul Alinsky

    by Seneca Doane on Mon Jul 16, 2012 at 10:06:16 AM PDT

  •  Romney will need more than a Retro-Etch-a-Sketch (12+ / 0-)

    to shake out of this one.  Let's keep up the delicious opposition research and reporting :)

    I believe in the long-term arc of hope.

    by therehastobeaway on Mon Jul 16, 2012 at 10:07:27 AM PDT

    •  Weird (0+ / 0-)

      It's weird because it's such a TRANSPARENT lie.  It would have been relatively easy to dissociate himself from unpopular decisions made at Bain between 1999 and 2002, given that he WASN'T running the company day to day, but instead Romney instantly went the full-denial route.  No involvement!  No, sir! None at ALL!

      And now he's confused because - why?  Did he really think no one would look this up at all?  Did he really not expect to be challenged?  Does he think of himself as that far above the "common man"?  Why make such a ridiculous, transparent lie in the first place?

      It's like lying is always his Plan A.  And damn the consequences.

      •  There must be something really dodgy (1+ / 0-)
        Recommended by:
        PorridgeGun

        in the Bain 1999-2002 saga. Romney could have spun the whole thing as a positive ("Look, I am WonderMitt, I can save the Olympic Games and run Bain Capital at the same time!"). Instead he is lying about stuff very transparently, lying about stuff that is in public documents that his own company filed and in a number of cases even have his own signature on it.

        I have no doubt btw that the Obama campaign knows what the issue is and that they know very well what they are doing in plyaing things the way it is played. If they had come straight out with say "Romney owned a stake in a firm that desposed of aborted fetusses." Romney would have replied with "I was not at Bain then", and the issue would have been snowed under. By first having Romney behave like he does have something to hide, coming with what he has to hide later is going to be a lot more effective.

        Republicans believe you need an ID to vote but you can donate millions to any candidate completely anonymously. (h/t jbou)

        by Calouste on Mon Jul 16, 2012 at 10:37:44 AM PDT

        [ Parent ]

      •  He's not used to being treated this way. (0+ / 0-)

        Rich family, rich kid, deference from cradle to Bain.

        We were just supposed to realize how superior he is and count ourselves lucky to have him.

        Oops.

        Freedom has two enemies: Those who want to control everyone around them...and those who feel no need to control themselves.

        by Sirenus on Mon Jul 16, 2012 at 10:51:03 AM PDT

        [ Parent ]

      •  Maybe this is one time there's an advantage to (1+ / 0-)
        Recommended by:
        therehastobeaway

        Dems never pushing too hard. He probably didn't think anyone would question what he said. Obama caught him off guard. And he just can't seem to lie his way out of it. I'm even willing to give the media some kudos.

        Your left is my right---Mort Sahl

        by HappyinNM on Mon Jul 16, 2012 at 10:53:12 AM PDT

        [ Parent ]

    •  Retro Etch-a Sketch for when he wants to (0+ / 0-)

      retroactively change what he said before.
      Then he can deny he said it because his correction changed the past.
      Either Mitt is warped on in a time warp.

  •  My question, will Republicans retroactively un- (15+ / 0-)

    nominate him at the convention?

    Get out the popcorn......

  •  Felony #2: (16+ / 0-)
    evidence has emerged that undermines this claim and that suggests Romney may have made a false statement on this disclosure form (which would be a potential felony punishable by a $50,000 fine and up to a year in jail).
    Retroactive Man is retroactive.
    •  50 grand is nothing to a guy like Romney. (3+ / 0-)
      Recommended by:
      shoeless, HappyinNM, addikell

      Now jail time -- that's something different. Wouldn't y'all pay good money to see Mitt hauled before proceedings in an orange jumpsuit?

      Brings me back to the good ol' days when we thought Karl Rove would be facing charges. Oh well.

      Nothing requires a greater effort of thought than arguments to justify the rule of non-thought. -- Milan Kundera

      by Dale on Mon Jul 16, 2012 at 10:32:34 AM PDT

      [ Parent ]

    •  Can the Chief Justice administer the oath... (2+ / 0-)
      Recommended by:
      shoeless, addikell

      Of office to someone while they're in jail?

      The most dangerous... programs, from a movement conservative's point of view, are the ones that work the best and thereby legitimize the welfare state. Krugman

      by BasharH on Mon Jul 16, 2012 at 10:36:19 AM PDT

      [ Parent ]

  •  "So, basically," Romney continue, "I was full time (9+ / 0-)

    in Utah, every day after the 15th of December. Except for that time on the 18th. And then the 27th. But pretty much full time the rest of all of the second half 1999 from December 27th on till the 31st."

    Lo que separa la civilizacion de la anarquia son solo siete comidas.

    by psilocynic on Mon Jul 16, 2012 at 10:08:27 AM PDT

  •  "Pretty much exclusively toward the end..." (6+ / 0-)

    What does that even mean?

    So I see only tatters of clearness through a pervading obscurity - Annie Dillard -6.88, -5.33

    by illinifan17 on Mon Jul 16, 2012 at 10:08:35 AM PDT

  •  They can't get their story straight (13+ / 0-)

    and we're the ones "Obsessed" with Mitt Romney's Record that they told us to look at cause "He's a job creator"

    Sir, I pulled Ted Striker's Record from the Pentagon you won't like it

    Not blaming Bush for the mess we're in, is like not blaming a train engineer for a fatal train wreck because he's no longer driving the train.

    by JML9999 on Mon Jul 16, 2012 at 10:08:43 AM PDT

  •  The Mattel/Learning Company Merger (21+ / 0-)

    Was announced in December of 1998 and completed in May of 1999.   It was a $3.8 billion deal and Romney controlled one of the seats on the board of The Learning Company.

    I'd like to know if he was involved in that $3.8 merger before 2/11/1999 and if he continued to be involved in it between 2/11/1999 and 5/13/1999 when the merger was completed.

    Diaried here  yesterday:

    Mattel Toys, troubled firm partly owned by Bain, signs on as Olympics Sponsor, 9/25/1999

  •  CEO is not an honorary title (16+ / 0-)

    There are real obligations--and exposure to real liabilities--that attach to being the CEO of a company.  

    He probably did delegate a lot of work to others while he was overseeing the Olympics--just as he delegated while he was actively CEO.

    But CEO of an investment firm is not the same as being the Great Exalted Mudfish of the Royal Order of Racoons--it's a real thing

  •  This one doesn't impress me as much (10+ / 0-)

    as the signatures on the SEC filings do. The fact he left a position in Feb 1999 to go run the Olympics but had a few on-going for which he was still personally responsible for wrapping up over the next few months is not unreasonable nor does it really detract from his b.s. argument that he had no responsibility for Bain after Feb 1999. he can easily claim those wrap-up operations were all for projects prior to Feb 1999.

    The fact that he signed SEC filings as CEO and sole owner of Bain through 2002 is damning.

    There is no getting around that. Even if he had a freebie $100k job with title but no responsibility he still signed the documents and still had the position and was still ultimately under the law responsible for what HIS company was doing. There is no way around that even if he wasn't making the decisions. His employees were on his behalf.

    Chief Executive Officer means... Chief... Executive... Officer.

    "Do what you can with what you have where you are." - Teddy Roosevelt

    by Andrew C White on Mon Jul 16, 2012 at 10:11:57 AM PDT

  •  I work for a guy. (9+ / 0-)

    He signs my paychecks, and owns more than 51% of the stock of my employer.

    Hypothetically, what if this guy took a leave of absence to take a long safari in Africa or something?  He delegates the duties of CEO to one or more persons in the 2nd tier of management.

    Firstly, cell phones and e-mails still exist.  He's not on Jupiter.

    Secondly, there still is the possibility that I can be held accountable for the actions I take during the boss' leave of absence.  I do something that goes against the principles and objectives of the company, word gets around to the powers that be, and I'm in big trouble.

    In conclusion, the decisions made by Bain executives from 1999-2002 were consistent with the business objectives and principles of the company's owner at the time, Willard Mitt Romney.

    Dogs are people, but corporations aren't.

    by Greasy Grant on Mon Jul 16, 2012 at 10:13:28 AM PDT

    •  All that, AND... (1+ / 0-)
      Recommended by:
      Greasy Grant

      If the company was doing something illegal and got sued, his name is still the one on that dotted line.  He's still the one who'll get questioned, subpoena'd, and taken to court in a civil or criminal case.

      As they're fond of telling poor people - it's not just about rights, it's about responsibilities.  Mitt wants the one without any of the other.

  •  Trust me? (2+ / 0-)
    Recommended by:
    eXtina, dfong63
    Romney replied: "Well again, the beginning of the year was a good deal of time back and forth, but towards the last half of the year it was pretty much exclusively in Utah."
    Weasel-words spew from this guy's mouth every time he opens it.

    I want a living planet, not just a living room.

    by Anthony Page aka SecondComing on Mon Jul 16, 2012 at 10:16:19 AM PDT

  •  Was he lying then? Or is he lying now? (5+ / 0-)

    Let's Keep It Simple

    Those are the two choices.

    Either he lied in 2002, claiming to run a company he was absent from, or (more likely), he is simply lying now for political cover.

    That he lied is not in dispute.

    WHEN he lied is the only question.

    To most voters, who aren't paying attention, the narrative should be that he lied, and we 'assume the sale' by stating it as only a question of WHEN.

    So was he lying then, or is he lying now? We don't know, that's for the courts to sort out.

    To be a Republican, you have to believe that our economic problems are caused by the poor having too much money and the rich not having enough.

    by Tommy Jones the Band on Mon Jul 16, 2012 at 10:18:06 AM PDT

  •  OT IOU: (0+ / 0-)

    ACLU app for filming police.

    discreetly, and saved to ACLU site. hmmmmm...

    Addington's Perpwalk: TRAILHEAD of Accountability for Bush-2 Crimes.
    * Join: OBAMA'S TRUTH TEAM *

    by greenbird on Mon Jul 16, 2012 at 10:18:27 AM PDT

  •  How dare we question Mitt's integrity. (1+ / 0-)
    Recommended by:
    Matt Z

    cheerleaders need not apply.

    by kravitz on Mon Jul 16, 2012 at 10:19:11 AM PDT

  •  The GOP Convention will be... (2+ / 0-)
    Recommended by:
    Matt Z, BasharH

    interesting.  I think we are in for one serious drama factory.  I bet Romney gets challenged from the floor or delegates refuse to follow through.  Something like that is going to happen.

    I am beginning to think that with decaying support from the GOP, Romney might drop out.

    Maybe his ego will keep him in their but it is not going to be pretty.

    I'm just here for the Mojo!

    by Gator on Mon Jul 16, 2012 at 10:19:24 AM PDT

    •  They may be stuck with him though... (2+ / 0-)
      Recommended by:
      PorridgeGun, Gator

      I don't think he can transfer his fundraising money to anyone else (probably would have to return all those funds from the past few months earmarked for the General Election) and only the RNC and the Super PACs would be on the air attacking Obama.  That would be a disaster for the GOP.  President Obama would have a free ride as the new sacrificial lamb, err GOP nominee, would have to spend all of his or her time fundraising, would have nothing at the beginning of the general to counter Obama's ads, and would have no policy proposals out there -- unless they just carbon copied the Ryan budget and all the goodies coming out of the House these days.  They would be conceding the race, basically.

      And that would allow Obama to concentrate on growing some coattails for Congressional races.  There will be drama at the GOP convention but they are basically stuck with Romney.  Good!

      The most dangerous... programs, from a movement conservative's point of view, are the ones that work the best and thereby legitimize the welfare state. Krugman

      by BasharH on Mon Jul 16, 2012 at 10:46:03 AM PDT

      [ Parent ]

    •  I really don't think so. (2+ / 0-)
      Recommended by:
      PorridgeGun, Gator

      You know the expression: Dems fall in love; Repukes fall in line. They're stuck with him, and it's making many of them very nervous. They thought all their money was going to win it for them. But they picked a loser who's looking more losier [sic] every day.

      Your left is my right---Mort Sahl

      by HappyinNM on Mon Jul 16, 2012 at 11:09:54 AM PDT

      [ Parent ]

  •  One could argue...... (1+ / 0-)
    Recommended by:
    Matt Z

    That, at some point, Willard will claim that the Olympic experience backs up his business decisions at Bain.
    Because....didn't things just settle down and work more efficiently after all those people were outsourced back to their foreign countries?

  •  The next question is, (5+ / 0-)

    how much money did Bain (and Romney) make off of the Olympics?  The Atlanta Olympics cost taxpayers $75 million; the Salt Lake City Olympics cost taxpayers $605 million.  A 9-fold increase.  How much of that money ended up in Bain/Mitt's pockets?

  •  Blind trust? (0+ / 0-)

    Romney is arguing, in effect, that from July 1999 forward, Bain was a blind trust to him.  It's absurd.

  •  and for cryin' out loud: (0+ / 0-)

    look at Bain Files Group diarists, will ya?

    they're colossal diggers !!

    Addington's Perpwalk: TRAILHEAD of Accountability for Bush-2 Crimes.
    * Join: OBAMA'S TRUTH TEAM *

    by greenbird on Mon Jul 16, 2012 at 10:20:33 AM PDT

  •  And, as David Corn has reported, (2+ / 0-)
    Recommended by:
    greenbird, JNSD

    Bain Capital continued to cut Mitt's personal investment firm in on their deals.  That firm, Sankaty High Yield Asset Investors, LLC, was transferred to Ann Romney's "blind" trust the day before he became Governor.  I know of at least two deals Bain cut him in on personally while he was CEO/President/sole shareholder/responsible party but "not in charge."

    Après le thé, le déluge. -- Glenn Beck, aka Napoleon XIV

    by mspicata on Mon Jul 16, 2012 at 10:23:24 AM PDT

  •  This is good news for (1+ / 0-)
    Recommended by:
    HappyinNM

    Barack Obama.

    16, Progressive, Indian-American, Phillies Phan. Obama/Om/Chase Utley

    by vidanto on Mon Jul 16, 2012 at 10:25:55 AM PDT

  •  oh have a link to the pdf from McCain's oppo: (1+ / 0-)
    Recommended by:
    JNSD

    go to around "Haier" and/or "Damon," thereabouts.
    it's available.

    Addington's Perpwalk: TRAILHEAD of Accountability for Bush-2 Crimes.
    * Join: OBAMA'S TRUTH TEAM *

    by greenbird on Mon Jul 16, 2012 at 10:25:56 AM PDT

  •  it is part of the "Mitt as superhuman" meme (1+ / 0-)
    Recommended by:
    Shuksan Tahoma

    remember he has already been resurrected (French auto crash), so he is the ultimate multi-tasking presidential predestined pretender

    In my view, that's an airtight argument, but the Romney campaign obviously disputes it, apparently because a lot of bad things happened during that stretch and they don't want Mitt Romney to be held responsible for them. I don't really know how to make an effective argument against holding Romney responsible, and apparently they didn't either, because they decided to dispute the argument by denying that Romney had any role at the firm whatsoever. If that were true, it would have been a pretty good argument. But it wasn't true. And as David Corn's latest scoop illustrates, it turns out that Romney had more day-to-day involvement with the firm than we could have imagined.

    Präsidentenelf-maßschach"Nous sommes un groupuscule" (-9.50; -7.03) "Ensanguining the skies...Falls the remorseful day".政治委员, 政委‽ Warning - some snark above ‽

    by annieli on Mon Jul 16, 2012 at 10:26:03 AM PDT

  •  What's the worst Bain related problem for Romney (0+ / 0-)

    during that disputed period?

    I am curious as to what people think the consequences might be. Mitt isn't the first to waffle so I doubt flip-flopping fallout will get worse.

    Is it the alienation of the base? The nature of the deals? The outsourcing? The tax avoidance? Something else?

    •  Stericycle (1+ / 0-)
      Recommended by:
      paul2port

      His quote is in direct opposition to the acquisition of Stericycle, a medical waste firm that also disposed of aborted fetuses.

      The base is getting pissed off about the bad four corners defense that Mitt is employing. Once this one gets going, the stuff is really going to hit the fan.

  •  "I did NOT have financial relations with that (4+ / 0-)
    Recommended by:
    AlyoshaKaramazov, Abelia, JNSD, S F Hippie

    corporation, Bain Capital."

    Karl Rove: America's Top Concern Troll™ Season 4 Winner!

    by here4tehbeer on Mon Jul 16, 2012 at 10:28:48 AM PDT

  •  My guess, for what it's worth (0+ / 0-)

    If you could look at Romney's phone records for the period in question, my guess is that you would find calls between him and Bain executives pretty much every single day.  He may have been living and working in Utah, but that doesn't mean he wasn't in daily contact with Bain or that he wasn't in on every important decision made.  It was his company, and the deals and decisions being made were significant.  My guess is he had final approval on every one of those deals.

  •  Oh what a tangled web we weave. . . (2+ / 0-)
    Recommended by:
    JNSD, Abelia

    Romney's big problem seems to be getting caught.

    Romney wanted to establish Utah residency.

    At time time of that ballot hearing the Boston Globe reported that Mitt had also considered running for office in Utah and had obtained a Utah driver's license in addition to claiming his Utah mansion as his primary residence (saving 45% in property taxes).

    But now he had a problem because he decided to return to Massachusetts and run for office.

    Well, it was just a clerical error he claimed and he'd pay the additional taxes.

    But oh no, he also had a problem with his Massachusetts state income tax forms. Darn!

    From The Boston Globe:

       

    At the time of the property tax brouhaha, Romney told reporters he had filed his state income taxes “both as a resident of Utah and a resident of Massachusetts.” Pressed by Phillips, Fehrnstrom also insisted Romney had filed as a Massachusetts resident, adding that “you are just going to have to take my word for it.”

        And how accurate were Romney and Fehrnstrom’s assertions? Well, though technically true, they stopped several fathoms short of being straightforward. We know that because, with state Democrats posed to push forward with a residency challenge, Romney suddenly reversed course. He called reporters to his campaign headquarters, where he acknowledged that he had initially filed his Massachusetts taxes as part-time resident for 1999 and a nonresident for 2000.

        He had only amended those returns to “resident” in April of 2002, after deciding to run for governor here. Claiming he had always intended to return to Massachusetts, Romney said he had come to realize he should have filed as a resident when discussing the state’s election laws with his attorneys.

    Take special note for the future that Fehrnstrom said we should take his word for it and he was either wrong or lied.
  •  Why Feb. 11, 1999? (0+ / 0-)

    Someone needs to find out what happened at Bain on Feb. 12th, 1999.


    "A recent study reveals Americans' heads are larger than they were 150 years ago but sadly there is no indication that the extra room is used for anything." - entlord

    by AlyoshaKaramazov on Mon Jul 16, 2012 at 10:32:23 AM PDT

  •  I think Romney was counting on... (1+ / 0-)
    Recommended by:
    PorridgeGun

    Just telling people, "Hey, you shouldn't be mean to me and we shouldn't be talking about this topic at all."  For some reason, that didn't work and people kept asking questions.

    The funny thing is that had he been answering questions from the press this entire time, this probably would have come up earlier and blown over earlier (maybe). But Romney has been avoiding the press like the plague for the past few months -- since he secured enough delegates for the nomination, I guess.  This is a self-inflicted wound and waiting even longer now for the truth to come out will hurt him still further.

    Take it from Ann Romney... I think she was letting on more than she actually wanted to in saying that President Obama's campaign was trying to destroy Mitt.  I think she knows exactly what's in those tax returns and she knows how involved he was with Bain during the 3-4 years in question and how involved he possibly still is with Bain.  And what she knows would destroy Romney's candidacy.

    The most dangerous... programs, from a movement conservative's point of view, are the ones that work the best and thereby legitimize the welfare state. Krugman

    by BasharH on Mon Jul 16, 2012 at 10:35:09 AM PDT

  •  Something I don't hear very much, (1+ / 0-)
    Recommended by:
    FightinginVA

    is the subliminal fallout from Romney being so adamant that he "had no involvement" with his own fucking company.


    "A recent study reveals Americans' heads are larger than they were 150 years ago but sadly there is no indication that the extra room is used for anything." - entlord

    by AlyoshaKaramazov on Mon Jul 16, 2012 at 10:35:50 AM PDT

  •  mitt/bain (0+ / 0-)

    The pain of Bain is mainly in the plain fact that this guy is just a flat out liar.  The "I'm rubber you're glue" gambit, followed by one breathtaking falsehood after another; will this actually continue to go unchallenged?  To people really hate the President so much that they'll settle for this sleaze?  The idea that Romney's campaign feels that this is gonna work makes me a little nervous, they MUST have done some research to lead them to the conclusion that it will.  

  •  If you accept Romney's argument.. Congress needs (0+ / 0-)

    an immediate investigation of the SEC...

    because apparently it is fine for someone to sign an SEC disclosure saying they are President and CEO while they are in fact doing nothing substantial for a corporation..

    Why  wouldn't people want to immediately know if every CEO of every company they have investments in are doing the same??

    Maybe each CEO needs to IMMEDIATELY CERTIFY they are in fact responsible and not mirroring Romney's move??

    let's see here.. let me open up an annual report of any company - oh look - there is the CEO.. maybe he isn't really responsible under the new..

    "Romney Theory"..

    hmmm.. do we need to now investigate the real involvement of these people in their companies??

  •  "[T]he Romney campaign disputes it ... because ... (0+ / 0-)

    And there's the problem.

    Of course, as Jed says, "...the Romney campaign obviously disputes it, apparently because a lot of bad things happened during that stretch and they don't want Mitt Romney to be held responsible for them."

    And he is withholding tax returns for the same reason, because he doesn't want to be responsible for using offshore accounts and for taking advantage of all the breaks and loopholes the wealthy can use to reduce their tax payments.

    There is another reason. The faux news echo chamber and set-in-their-minds conservatives will keep hearing only Mitt Romney's side of the story, however fatuous, self-serving, incomplete, anti-factual, counter-intuitive and misleading it is.

    Willard Mitt Romney cannot budge an inch on his years of Bain fictionalizations or offshoring his wealth, or his own side will weaken on him, too. For then, it would obviously be a matter of truth, honesty personal integrity and accountability. The candidate can't afford that.
    So ... may David Korn, Mother Jones, the Boston Globe, MSNBC analysts and commentators, political animals everywhere and Bob Bauer, the Obama campaign's top lawyer and a very acute applier of election laws, continue to ferret out the truth. Every day that Mitt insists the facts aren't the facts helps the cause.

    Obama and strong Democratic majorities in 2012!

    by TRPChicago on Mon Jul 16, 2012 at 10:41:20 AM PDT

  •  cabrito!: (1+ / 0-)
    Recommended by:
    rja

    Corn closes:

    There may be an easy way for Romney to prove that his current account of his Bain exit is the correct one. During the 2002 hearing, when asked by the lawyer about the amount of time in 1999 he spent in Utah and Massachusetts, he said, "I actually could probably look day by day, if necessary, on calendars."

    Calendars? Might these records indicate whether Romney had any meetings or calls with Bain executives about deals or operations at the firm? An examination of such material might resolve the issue definitively. So perhaps those politicos and pundits who have called on Romney to release previous tax returns—a bipartisan group swelling in numbers—can add another set of records to the list of material the public ought to see: Romney's calendars from 1999, a year that was a crucial turning point in his career and that has become a significant issue in this presidential campaign.

    Addington's Perpwalk: TRAILHEAD of Accountability for Bush-2 Crimes.
    * Join: OBAMA'S TRUTH TEAM *

    by greenbird on Mon Jul 16, 2012 at 10:41:50 AM PDT

  •  "Why are you little serfs so stupid?" (1+ / 0-)
    Recommended by:
    shoeless

    "How can you possibly understand the way People Like Us live? Paychecks for working are for serfs - not People Like Us. We get money just for knowing other People Like Us. Duh.

    "Rules? Also not for People Like Us. Tell the truth when you sign your name to SEC documents - Again, hahaha! Silly serfs - those rules are not for People Like Us."

    The arrogance from this guy is breathtaking. It's like he thinks he's inheriting a monarchy. (hint: Mitt, we still pretend it's a democratic election, even as we're attempting to buy it.)

  •  And it's WHAT BAIN does that's horrifying (0+ / 0-)

    That Condon guy who retired from Bain in 2007 was on Chris Hayes' show Sunday morning. The Bain guys, according to him, fully believe that even TRYING TO MANUFACTURE SOMETHING IN AMERICA is wrong headed and ludicrous from a financial viewpoint.

    According to that Condon, companies are SUPPOSED to engage in the new colonialism: get workers from third world economies who are paid much less, and voilà! your expenses end there, except for raw materials.

    How? the other country pays for the workers' health care, their pensions, if any, their safety issues (this guy says it's great because companies abroad are safe from 'slip and fall' suits against them); they also save our American infrastructure wear and tear, and the great side benefit, according to his book, is that you don't have immigrants coming in to do the work here, so you don't have to worry about the inevitable drunken behavior and crimes they will commit.

    He was soooo disappointed that there remain workers in the US whose salaries are 'insulated' from being tapped by the Bains of the world: nurses, doctors, teachers, police and firefighters. Darn it, they have to be physically present to do the work. If only we could think of a way to cut THEIR salaries down...

    Oh wait. Gov. Walker figured that out...

  •  Are all these revelations having an (0+ / 0-)

    effect on the electorate? As far as I can see the MSM are running with Romney's version of the story and noone is asking the right questions or the questions are getting stonewalled.

    We may be delighting in this but are people in general paying any attention and given the complicity of the MSM are they getting the right story in the first place?

    I'm certainly not oppossed to the attacks on Romney's time at Bain, I just question if these more complicated exposures are effective.

    You fell victim to one of the classic blunders, the most famous of which is "Never get involved in a land war in Asia".

    by yellowdog on Mon Jul 16, 2012 at 10:49:24 AM PDT

    •  MSM want a horse race and are shilling for Mitt (0+ / 0-)

      Their ultimate goal is to make sure this has no effect on the electorate and that eventually it will go away. That's why it's important for bloggers, and more importantly the Obama campaign, to keep attacking with the facts.

      •  My point is that the facts are not getting out (0+ / 0-)

        Democratic/liberal/progressive blogs are usually read by like minded people, except for a small percentage of trolls. Are we all just talking to ourselves?

        If the MSM is not doing its job to inform the populace how can we get the story out. The Romney campaign just lies some more and the MSM puts out the lies, not the real story. Meanwhile they get to smear the Obama campaign with allegations of lying.

        You fell victim to one of the classic blunders, the most famous of which is "Never get involved in a land war in Asia".

        by yellowdog on Mon Jul 16, 2012 at 11:35:36 AM PDT

        [ Parent ]

  •  I think the man doth protest too much (0+ / 0-)

    A little off topic, but those with short memories may remember that Romney invented an ad claiming Obama said he would lose if he talks about the economy. Only problem is that Obama was talking about what McCain said. Romney had to doctor a video to produce that bald faced lie. Then he defended the ad. Obama's ad here is based on a fact: Romney headed Bain when they shipped jobs overseas. Interesting that Romney says Obama's ad was indefensible while he defends the indefensible. Can you say "I think the man doth protest too much"?

  •  Romney sure doesn't know much. (0+ / 0-)

    He ran a company and didn't know what they were doing. He doesn't know when he retired.  He signed SEC papers without knowing what they meant. He doesn't know how much money he has, and he doesn't even know where his money is.

    I guess the filthy rich don't have to know anything.

    Ann Richards on how to be a good Republican: You have to be against all government programs, but expect Social Security checks on time.

    by shoeless on Mon Jul 16, 2012 at 11:07:49 AM PDT

  •  Did he resign or did he "leave" (0+ / 0-)

    He said he "left"the company..o.k. so that means he physically walked out the door..but still held his fiduciary duties to Bain..because he was still signing SEC documents. If he resigned from the position..then his position and all duties would cease...and if that is the case then there should be some corporate memo or note (form 8-K)  that indicates the change in officers??!
    So, if he cannot keep track of his own employment history..could he keep track of...say important National Security directives at a time of crisis!    

  •  He owned it, he was CEO, president, (0+ / 0-)

    Chairman of the Board and got paid as CEO during that time.  Even if he didn't run it in a day to day sense, he was still responsible. Kinda when I am being a doctor and my staff talks to a patient when I am at lunch. I am still responsible for all that transpires.  Perhaps as owner and Board member he hired someone else to run it, the owner and Board are still responsible.  And who did run it?  Why isn't that person coming out and taking "credit"?

    I was wise enough to never grow up while fooling most people into believing I had. - Margaret Mead

    by fayea on Mon Jul 16, 2012 at 12:57:58 PM PDT

  •  Question of Fraud (0+ / 0-)

    A Hypothetical case:  If I'm an investor who's put money into Bain, based on Romney's filing's with the SEC--would I be the victim of fraud?  Romney's name is on the SEC documents and that is good enough for a lot of folks to place bets on a company, based on Romney's reputation.  Now if Romney had nothing to do with Bain, as he claims now, that in my mind, constitutes fraud and as Stephanie Cutter says, perjury--assuming the SEC documents were filed under penalty of perjury.  

    But the case of investor fraud is one, no one seems to be answering and yet it seems so simple.

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